The Geotextile Market is forecasted to grow from USD 5.75 billion in 2020 to USD 11.86 billion by 2028, at a CAGR of 11.4%, during the forecast period. Increasing population; increasing industrialization and rapid urbanization have compounded growth in emerging markets, leading to a sharp increase in Geo Fabrics adoption.
Typically, Geo Fabrics are used to improve soils that build streets, pipelines, embankments, and earth holding structures. They consist of numerous materials, including warp-knitted textiles, open-mesh textiles, and non-woven textiles. Filtration, separation, reinforcement, protection, and drainage are the primary functions of the product. Geo Fabrics have filtration properties that allow water and other fluids to be separated from various solid particles. This filtration function is used mainly in drainage applications.
Geo Fabrics’s properties like flexibility and permeability are expected to drive the growth of the market during the forecast period. It is also expected that the durability and cost-effectiveness of Geo Fabrics will boost the market further during the forecast period.
Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
According to a recent market analysis report by Reports and Data, the global materials chemicals market is expected to surpass a market size of USD 11.86 Billion in 2028, registering a robust 11.4% CAGR during the forecast period. The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
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Top 10 Companies Operating in the Global Geo Fabrics Market:
Low Bonar (UK), Officine Maccaferri (Italy), Koninklijke TenCate (Netherlands), Thrace Group (Greece), Huesker (Germany), Berry Global (US), Fibertex Nonwovens (Denmark), DuPont (US), Strata Systems (US), Carthage Mills (US) and others.
Geo Fabrics Market Segmentation
Material (Kilo Tons) (Revenue, USD Million; 2018-2028)
- Synthetic
- Natural
Product (Kilo Tons) (Revenue, USD Million; 2018-2028)
- Woven
- Non-woven
- Knitted
Application (Kilo Tons) (Revenue, USD Million; 2018-2028)
- Erosion
- Drainage Control
- Road Construction
- Others
Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key Geo Fabrics market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global Geo Fabrics market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global Geo Fabrics market key players
3.2 Global Geo Fabrics size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Geo Fabrics market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
Continued...
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East Africa)
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